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    Flex Warehouse Suites Title is generated by Realmo AI

    141 Mustang Road, Waxahachie, TX 75165

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    Picture of Flex space at 141 Mustang Road, Waxahachie, TX
    For Lease
    $2,500 /Mo

    COMMERCIAL - Waxahachie, TX

    Lot size:
    14.61 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 3 at 6:06 am

    Property Features for 141 Mustang Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    283239
    Lot size
    14.61 Acres

    Taxes and HOA fees

    Tax Description
    190 G CARPENTER 14.61 ACRES

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    2024
    Floors in Building
    1
    Number of units
    1
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Tim Douglass

    Listing agent Tim Douglass License #0712496

    Listing office FBM Property Management Ennis, TX

    Listing date Apr 2, 2026

    MLS# 21227339

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New light industrial/warehouse suites built in 2024 in Mustang Business Park
    • Suites range from 1,200 to 2,400 SF
    • Each suite has grade‑level roll‑up doors measuring 12–14 ft
    • Ceiling height of 15–20 ft and each suite includes a restroom
    • Three‑phase power included in each unit
    • Metal roof and metal siding; septic tank sewer system; gated entry with concrete drives and ample parking

    Overview

    Mustang Business Park offers newly constructed flex and light industrial warehouse suites designed for day-to-day functionality. Each unit features a grade-level roll-up door with approximately 12 to 14 feet of clearance, a restroom, interior ceiling height of about 15 to 20 feet, and three-phase power. Suite sizes range from roughly 1,200 to 2,400 square feet, supporting a wide range of contractor and service-oriented uses that require both usable shop space and efficient loading access.

    The business park is located just off Highway 287 in a high-visibility corridor, with convenient connectivity to I-35E, Highway 77, and US-287. The property is set behind a gated entry with concrete drives and ample parking, helping customers and crews move in and out with less friction.

    This setup is well suited for contractors, distributors, and service providers seeking professional space in a dedicated light industrial environment. With multiple suite sizes and built-in loading and power capabilities, tenants can match the space to their workflow while benefiting from the controlled, park-style access and straightforward site layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Correa's Auto Repair ... Auto Repair Shop Mustang business park Warehouse & Storage StickerSlappers Vehicle Wraps ... Auto Repair Shop

    Suggested Use

    Restaurant Big Box & Wholesale Store Building Supply Auto Repair Shop Gym & Fitness Center HVAC Service Storage Facility Discount Store Electronics & Wireless Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bluebonnet BBQ — 3921 US-287, Waxahachie, TX 75165

    Location Insight

    • Map
    • Local Demand
    City
    Waxahachie
    County
    Ellis
    State
    Texas
    Longitude
    -96.764517
    Latitude
    32.33766

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    FAQs

    What type of property is this?
    Flex space - Newly built flex and warehouse suites with grade-level roll-up doors, ample parking, and three-phase power for versatile operations.
    Where is this flex space located?
    The property is located at 141 Mustang Road Waxahachie, TX.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: New light industrial/warehouse suites built in 2024 in Mustang Business Park; Suites range from 1,200 to 2,400 SF; Each suite has grade‑level roll‑up doors measuring 12–14 ft
    (972) 878-7368
    We can help!
    Listing Contact
    Tim Douglass
    Real Estate License ID: 0712496
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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